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ARTICLE · 17 SEPTEMBER 2024

Stepwise Risk Outlook: What We're Watching Today, September 16, 2024

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Our Take: Since the start of the Russian further invasion of Ukraine, the US government has warned China against equipping Russia's military, threatening sanctions should Beijing cross this redline.

GlobalInternational Law

Global: Russia producing long-range attack drones with Chinese engines

Reuters reported that Russia is now producing long-range drones using Chinese engines and parts, citing European intelligence sources.

Our Take: Since the start of the Russian further invasion of Ukraine, the US government has warned China against equipping Russia's military, threatening sanctions should Beijing cross this redline. US warnings have escalated, backed by an executive order in December 2023 authorizing secondary sanctions on financial institutions, with accompanying warnings to Chinese financial institutions. In May 2024, Deputy Treasury Secretary Wally Adeymo warned about shipping dual-use goods, saying that "Chinese firms can either do business in our economies or they can equip Russia's war machinery with dual-use goods. They can't continue to do both." Most recently, on September 11, Deputy Secretary of State Kurt Campbell expressed increasing concern on the "China's exports

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